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US home sales weaken to slowest pace in more than a year as mortgage rates, home prices climb
2+ day, 10+ hour ago (608+ words) Sales of previously occupied U.S. homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices. Existing home sales fell 2% last month from July to a seasonally…...
Average rate on a 30-year mortgage climbs to highest level in 13 months
1+ week, 2+ day ago (580+ words) Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year. The benchmark 30-year fixed rate mortgage rate rose 6.71% from 6.66% last week, mortgage buyer Freddie Mac said Thursday. One…...
Fed's Waller says central bank's next rate move depends on upcoming inflation report
1+ week, 2+ day ago (427+ words) WASHINGTON – Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. The government will release August inflation figures Sept. 11, and if that…...
San Antonio home sales plunge 12.6%, the largest drop among major U.S. metros
3+ week, 2+ day ago (445+ words) San Antonio had the largest drop in home sales among the nation's major metros last month. Home sales fell 12.6% in July compared with last year, according to a recent Redfin report. It was the largest slump in demand reported by…...
'Many' Fed officials think higher rates will be needed if inflation stays high
3+ week, 3+ day ago (430+ words) WASHINGTON – Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn't subside, minutes of the Fed's meeting last month showed. The minutes of the July 28-29 meeting,…...
A family of 4 need $200,000 or more to live comfortably in Texas, study finds
3+ week, 4+ day ago (28+ words) A single person in Texas needs about $90,000 a year to live comfortably, according to SmartAsset. A family of four needs more than $200,000 before taxes...